§60-3-17. Regulations as to handling and depositing of moneys
collected; monthly remittances; penalty.
The commissioner, with the approval of the state treasurer,
shall prescribe regulations for the handling and depositing of all
moneys collected by the commissioner. All receipts accruing to and
available for the general revenue fund in excess of the
requirements of the operating fund and the license fee and
additional sales tax imposed by the provisions of this chapter
shall be remitted by the commissioner to the state treasury monthly
within fifteen days next after the end of each calendar month.
If the commissioner fails to remit such moneys to the state
treasury within the time specified in accordance with the
provisions of this section, he shall be guilty of a misdemeanor,
and, upon conviction thereof, shall be fined one thousand dollars.